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Labor Market Analysis
What is Labor Market?
https://www.youtube.com/watch?v=6ph9izNmoGk
How should labor market analysis impact a student's ACP?
One of the main goals of the ACP process is helping students find a career path that not only interests them, but is also a viable option for their intended place of residence. While we understand that many students opt to leave the local area initially upon graduation, many do decide to move "back home" (or within a 50-75 mile radius) to raise their families in the same great community they themselves were raised in. Given this, we want to correctly educate our students about the current job trends and demands specifically at the local level, but also at the state and national levels as well.
Clark County Labor Market Overview*
- Clark County gained 240 jobs from 2020 to 2021, ranking its annual growth rate 32nd amongst the state's 72 counties.
- COVID-19 caused a very steep job loss in 2020, from which the county has yet to recover. There were 45 fewer jobs in Clark County in 2021 versus 2019, but only seven counties in Wisconsin have surpassed their 2019 total.
- Manufacturing, the largest industry in the county by employment, and even more so by total payroll, gained 108 jobs from 2020 to 2021, and even surpassed its pre-pandemic level by a narrow margin.
- Food manufacturing is the largest sub-sector with almost half the manufacturing jobs in the county.
- Machinery, fabricated metal, wood products and furniture manufacturing are also important sub-sectors of manufacturing employment in Clark. Most of these sub-sectors have also surpassed their pre-pandemic levels.
- Trade, transportation, and utilities, the second largest super-sector in the county, gained 118 jobs from 2020 to 2021, and is up 102 jobs from its pre-pandemic levels.
- Education and health, the third largest super-sector of employment, gained 10 jobs from 2020 to 2021. Health care is an important sector, especially in a county with an aging population.
- The three largest employers in Clark County are Aspirus Stanley Hospital, Cummins Filtration and Grassland Dairy Products, Inc.
- The per capita personal income for Clark County was $50,128 in 2021.
*Information taken from the 2023 Clark County Workforce and the Clark County Economic Profile – 2023.
Additional Website Resources
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